Richard Hughes Resigns After OBR Leak Exposed Rachel Reeves's Budget

Early budget report fallout

Richard Hughes resigned as chair of the Office for Budget Responsibility after a report found the watchdog’s budget forecasts were published about 45 minutes early.

Those forecasts were described as containing "market‑sensitive material."

Sky News reports the early publication led to Hughes’s resignation and that his full resignation letter was published following the report.

The episode has prompted accusations of blame-shifting involving senior figures such as Sir Keir Starmer and Chancellor Rachel Reeves.

Political figures are demanding transparency and the release of correspondence to establish responsibility, intensifying scrutiny of the Budget and the OBR’s processes.

Political reactions

Political reactions were immediate and divergent.

Reform UK leader Nigel Farage told Sky News the OBR had not intentionally misled the public, said the 'wrong person' had resigned, and demanded release of all correspondence between Hughes and the chancellor before the budget.

The National records strong criticism from opposition figures, with SNP Westminster leader Stephen Flynn calling the budget 'a pack of lies'.

The Daily Express records Conservative leader Kemi Badenoch calling for Reeves to resign and accusing her of misleading the public.

These responses show a partisan split over whether the issue is an individual procedural error, an OBR fault, or governmental misrepresentation.

Reeves defends Budget decisions

Rachel Reeves has publicly defended the Budget decisions and her conduct.

TheNational.scot records Reeves insisting there was no extra "£4 billion to play with."

She said available "headroom" had fallen from £9.9bn to £4.2bn largely because of an OBR downgrade to productivity and that the smaller amount was insufficient to deliver the Budget's plans.

The Daily Express quotes Reeves telling BBC's Laura Kuenssberg she did not lie when outlining a gloomy economic picture.

She framed the Budget as necessary to "build resilience, invest in the NHS and cut household bills," and highlighted the removal of the two-child benefit cap as a deliberate policy choice expected to cost about £3.1bn.

Sky News mentions that the row has prompted accusations of blame-shifting involving Starmer and Reeves, showing how Reeves's defence is set against a broader political argument.

OBR timing and fallout

A central technical and communications issue is timing.

TheNational.scot highlights that the row centres on timing and communication of OBR advice and notes that OBR letters in September and October suggested a much smaller shortfall and at one point a £4bn surplus.

Sky News emphasises that the 45‑minute early publication of market‑sensitive forecasts triggered the resignation and demands for correspondence.

The Daily Express records political calls for accountability, including demands from Kemi Badenoch for Reeves to resign.

Together these sources show the controversy combines a procedural publishing breach with contested interpretations of the underlying numbers and their presentation.

Ambiguity over report release

Significant ambiguities remain because full texts from some outlets are missing in the provided dataset.

Sources emphasise different aspects — procedural lapse, numerical interpretations, or political accountability — and there is no single definitive account of who authorised publication or why the early release occurred.

The Guardian and The Telegraph snippets in the dataset explicitly note missing content or request the article, which constrains cross-source verification.

Until the full OBR report and correspondence are disclosed, the precise sequence and intent remain unclear.

Calls for transparency, including Farage’s demand to release correspondence and widespread political pressure, underline that the dispute now centres as much on openness about process as on the numeric Budget arguments themselves.